Common Moral Agreement About Right and Wrong Actions and Behaviors

question 103

Multiple Choice

Common moral agreement about right and wrong actions and behaviors across multiple cultures and countries, also known as ethical universalism, gives rise to

• A)principles that set forth the traits and behaviors considered virtuous, that is, which a good person is supposed to believe in and display.
• B)principles embodied in international law that all societies and countries are obliged to practice.
• C)principles of right and wrong in judging the ethical correctness of business behavior.
• D)standards of what's ethical and what's unethical, applicable to all businesses in all countries, irrespective of local business traditions and local business norms.
• E)standards of what constitutes ethical and unethical behavior in business situations that are partly universal, but in the main are governed by local business norms.

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Definitions:

Current Yield

Current yield is the annual income (interest or dividends) divided by the current price of the security.

Coupon Rate

The percentage of interest returned by a bond annually, measured against its face value.

Yield To Maturity

Yield to maturity is the total return anticipated on a bond if it is held until its maturity date, including all interest payments and the repayment of principal.

Coupon Rate

Yearly interest payment on a bond, specified as a percentage of its listed value.